About your Search

20130801
20130831
Search Results 0 to 1 of about 2
and chief research officer at the intelligentelci advisory group. dana, where does the stock go from here? >> overall it needs to have results. it needs to have same-store sales. it's getting closer to flat than the negative 12% and they're going up against a negative 26% to negative 32% through the back half of the year. >> is this a positive development? is this a negative development? do you say there was going to be an overhang on the stock and the good news is they just cleared that overhang out in one fell swoop? or do you say to yourself, if he's willing to take a loss at this point, that's bad news for everybody? >> i think your first scenario's more likely. i think it was disruptive in terms of what was going on. you have to be able to get the company to some sort of level of stabilization. it was challenging to do that with the boardroom fights happening on main street. and now the holiday season is coming, the most important time of the year for the company. they're trying to get the home department fixed and focus and concentration is the key. >> courtney, the view inside jcpe
the top of my head, it's dana's company. i don't have the numbers. the expectation were low there, it's a decent result, relatively speaking. i think there is hopefulness j.c. penney will turn it around. i think on the hard line side is where best boy had terrific numbers. home depot had strong numbers. we will hear from dick's sporting gods later. >> jc penney $2.66 billion for those revenues. joe, when you think about home depot and the consumer and a rising mortgage rate environment, are you seeing the disposable income of some of these consumers actually getting hit before we get to the end of the year? and is that going to affect tear abilities to improve their homes? >> no, you know, i think the wealth effect is actually helping to drive sales. if you think about the installed base of homeowners are mainly set. you know the new homes or the turnover of homes is a pretty small turnover of the market. probably almost 85, 90% of home debow sales come from people saying put. if they feel better about the value of their home or the jobs situation, they're investing. you see project s
Search Results 0 to 1 of about 2

Terms of Use (10 Mar 2001)